It is reported by the Town Hall of Mazarrón that the finishing touches are being added to the plans for the “El Faro” development next to the lighthouse and the Playa de la Isla: the intention of the developer is to present the details of the promotion in January 2019.

El Faro will occupy a large part of a plot of land of just over 180,000 square metres, although 77,000 square metres will be ceded free of charge to the Town Hall, and the council has revealed that on this land 22,548 m2 will be devoted to green areas, parks and cultural and environmental projects. In addition, another 1,687 m2 will be designated an environmental reserve, and a further plot of 8,862 square metres is reserved for the Phoenician boat museum, housing the two 2,700-year-old vessels which were discovered at Playa de la Isla in 1988 and 1994.

Taking into account also the 380-square-metre plot which is home to the remains of the Fundición Santa Elisa, an old smelting plant which was built in 1900 to serve the mining industry of Mazarrón, this means that the developer is ceding 40 per cent of the land owned to the municipality of Mazarrón while investing approximately 50 million euros in the construction of the residential development.